EUR/USD has support at 1.0675/1.0700

Source: Dukascopy Bank SA


The EUR/USD has been highly volatile since the last review, but the pair has mostly traded between 1.0740 and the support range at 1.0675/1.0700. In the meantime, the rate is ignoring the hourly simple moving averages and the previously marked trend lines.

A potential surge above 1.0740 is set to face resistance in the weekly R1 at 1.0755, before the 1.0800 would be tested.

On the other hand, a decline of the currency pair has to pass below the 1.0675/1.0700 range, the 200-hour simple moving average and the weekly simple pivot point.
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